Keysight revenue grows 19% driven by wireless testing solutions

Keysight Technologies reported 19 percent growth in revenue to $1,047 million in the fourth fiscal quarter of 2018 ended Oct. 31, 2018 from $878 million last year.
Keysight at MWC 2018The US-based test and measurement company posted net loss of $114 million, or $0.61 per share, compared with net loss of $38 million, or $0.20 per share, in the fourth quarter of 2017.

“The investments we have made over the past several years in our technology, solutions, software and services are delivering results and have enabled Keysight to be at the forefront and capture the demand we see in the market,” said Ron Nersesian, Keysight president and CEO.

Keysight revenue grew 22 percent to $3.9 billion with net income of $165 million in fiscal 2018.

Q4 performance highlights

Keysight’s Communications Solutions Group (CSG) reported revenue of $566 million, up 23 percent, driven by 5G-related R&D spending across the wireless ecosystem, data center next-generation 400GbE, high-speed digital test and aerospace, defense and government.

Keysight’s Electronic Industrial Solutions Group (EISG) revenue grew 21 percent to $249 million, driven by double-digit growth for automotive and energy, general electronics and semiconductor measurement solutions.

Keysight’s Ixia Solutions Group (ISG) revenue fell to $115 million compared with $124 million — adversely impacted by the contract manufacturing transition.

Keysight’s Services Solutions Group (SSG) revenue increased 10 percent in the fourth quarter to $121 million, driven by growth in calibration, remarketed and repair services and solutions.

Keysight’s revenue is expected to be in the range of $962 million to $982 million in the first fiscal quarter of 2019.